
In 2020, ‘Housing, water, electricity, gas and other fuels’ represented more than a quarter (25.7%) of EU household expenditure, up by 2.2 percentage points (pp) compared to 2019. ‘Food and non-alcoholic beverages’ ( +1.8 pp) and ‘Furnishings and household equipment’ (+0.5 pp) also recorded increases among household expenditure categories, representing 14.8% and 6.0% respectively of total expenditure in 2020, according to a recent survey by Eurostat.
These increases are consistent with lockdown and mobility control measures related to the COVID-19 pandemic in the EU Member States. The restrictions apparently also had an impact on other items, most notably on ‘Restaurants and hotels’ (-2.7 pp), ‘Transport’ (-1.5 pp) and ‘Recreation and culture’ (-0.9 pp), with these categories representing 6.0 %, 11.6% and 7.8% respectively of total expenditure in 2020.
In Greece
Households in Greece spent 23.1% of their total spending on “housing, water and energy”, compared to 25.7% of the EU average and then 19.4% on “food and non-alcoholic beverages” , well above the EU average (14.8%).
The difference in the average expenditure of a Greek household as a percentage of the total is remarkable, compared to the EU average in the category “restaurants-hotels”, where in Greece the average is higher by 4.3 points (10.3% ) compared to the European average (6%).
On the contrary, in Greece the average expenditure for leisure and entertainment was in 2020 at 4.8% of the total expenditure of a household, when in the EU it was 7.8%.


Latest News

The ‘Hot Spots’ in Greece for Holiday Properties
New holiday home projects are emerging across Crete

Bank of Greece Governor Rules Out 13th and 14th Salaries
Regarding the European Central Bank’s next moves on interest rates, he indicated that he does not foresee significant changes in monetary policy for the time being

Trump-Putin Call on Ending Ukraine War Set for Tuesday
Trump announces he'll discuss a potential Ukraine-Russia ceasefire with Putin on Tuesday. The U.S. President is cautiously hopeful talks can end the Ukraine war after positive U.S.-Russia negotiations in Moscow.

Newly Appointed Dep. Development Minister Aristos Doxiadis Resigns
His resignation has been accepted by the Prime Minister, and his replacement is expected to be announced in the coming days

Metropolitan Ioannis of Korce New Archbishop of Albania
Following the announcement of the election, church bells rang joyfully in Orthodox churches across Albania

Greece Faces Renewed Fears of Water Crisis Ahead of Summer 2025
Following a prolonged drought that began in 2024, fears of a water crisis highlight the urgent need for infrastructure improvements

Harvard, Yale, Columbia, and More Seek Collaboration with Greek Unis
Greece's former Minister of Education Kyriakos Pierrakakis announces an €82 million funding boost to support the partnerships

Greek Government Reshuffle Brings in More Young Technocrats
Greek PM Mitsotakis has brought in younger leaders and technocrats in a bid to accelerate the government's efforts at modernization and efficiency, according to New Democracy insiders

Greece’s New Government Members Sworn in at Presidential Mansion
Greece's new government members were sworn in on Saturday morning and head straight to work through the first meeting of the new cabinet.

Moody’s Upgrades Greece to Investment Grade, Ending Crisis Era
The rating agency raised Greece’s long-term credit rating to Baa3 from Ba1, with a stable outlook.